Mining projects in Africa – 93 opportunities in new mines and expansions

7 Jun 2024

Large mining projects in Africa – 93 opportunities worth $52 billion

Overview of Mining in Africa

Mining has long played a significant role in Africa. Mining proceeds represent a significant share of export earnings and government revenue in countries such as Ghana and the Democratic Republic of Congo (DRC). In total, mining in Africa accounts for 99 large projects (new mines and upgrades) worth $55 billion. Mined materials include metals (gold, copper, iron, and others), lithium, rare earths, and diamonds, among others.

Key Mining Projects in Africa

South Africa (11 new mines and mine expansions) leads in the number of projects/new mines or mine expansions, followed by Ghana and the Democratic Republic of the Congo (7 new mines and expansions). Several large projects are taking place in other Southern African countries such as Namibia, Zambia, Botswana, and Zimbabwe. Mali and Cote d’Ivoire in West Africa, as well as Tanzania and Uganda in East Africa are other significant investment locations.

Leading Developers and Contractors – Mining Projects in Africa

In the mining sector, key developers include Debswana Diamond Company, Kamoa Copper (a joint venture between Ivanhoe Mines, Zijin Mining, the government of the DRC, and Crystal River Global), and Anglo-American Platinum. The largest contractor/EPC is Lycopodium, followed by DRA Global.

Future Prospects 

Driven by the need for minerals in the energy transition, the annual cash flow of approximately $10 billion in the extractive industries space is expected to increase further in the upcoming years.

Explore More

If you would like to explore more about projects in your region, market, or area of interest, sign up for ABIQ’s Free Trial or contact us at info@abiq.io. To read more blogposts about ABIQ’s key sectors, explore our articles about power, infrastructure, building construction, and water.

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